- In yesterday's Real Estate Bisnow, there were two stories about Southwest. The first was an office building sale - 500 12th Street, which is located across from The Portals complex, was sold to a pension fund by Prudential Real Estate. 500 12th Street is fully leased to the U.S. Immigration and Customs Enforcement (ICE). The second story was about the increase in contracting by the Federal Aviation Administration (FAA), whose headquarters is located along Independence Avenue. The increase in government contracts (over $1 billion worth) has caused an increase in demand for office space near the FAA by contractors, such as Apptis, who will occupy nearly 15,000 SF of space at 370 L'Enfant Promenade.
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